Category: Economy

Buhari’s Speech on Currency Swap  
February 16, 2023 No Responses

Buhari’s Speech on Currency Swap  

My Dear Compatriots,   I have found it necessary to address you today, on the state of the nation and to render account on the efforts of our administration to sustain and strengthen our economy, enhance the fight against corruption...
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FEC Approves $53.1m For Electricity Conductors
February 16, 2023 No Responses

FEC Approves $53.1m For Electricity Conductors

The Federal Executive Council (FEC) has approved $53.1 million and N2.1billion as local component for the procurement and installation of electricity conductors to boost power supply across the country.   Minister of Power, Abubakar Aliyu, made this known...
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Fishermen Lament Cash Crunch, Fuel Scarcity
February 15, 2023 No Responses

Fishermen Lament Cash Crunch, Fuel Scarcity

Artisanal fishermen operating along the Atlantic coastline in Niger Delta on Tuesday lamented the hardships they had been facing as Central Bank of Nigeria (CBN) cashless policy cripple their vocation.  Niger Delta Coordinator, Artisanal Fishermen Associa...
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CIECOBON At Shippers’ Council, Harps On Nigerian Exports  
February 12, 2023 No Responses

CIECOBON At Shippers’ Council, Harps On Nigerian Exports  

The Chartered Institute of Export and Commodity Brokers of Nigeria (CIECOBON) has urged the Federal Government through the Nigerian Shippers’ Council (NSC) to establish an export-specific port to further encourage exports.   The President/Council Chairm...
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Firm Expands Oil Palm Plantation In Edo
February 12, 2023 No Responses

Firm Expands Oil Palm Plantation In Edo

Fayus Nigeria Limited has commenced the development of a 3000-hectare oil palm plantation in Ugbeturu Community, Owan West Local Government Area of Edo State, with a plan to create 5000 jobs in the community at full capacity.   The project...
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Stallion Auto-Keke Lauds Delta Govt’s Support For Investors 
February 11, 2023 No Responses

Stallion Auto-Keke Lauds Delta Govt’s Support For Investors 

The Stallion Auto-Keke company has lauded the Gov. Ifeanyi Okowa’s led administration for its support and peaceful disposition that had encouraged private investments in Delta.  The investor gave the commendation on Friday when the Delta State Investmen...
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FG Reopens N360b Bonds For Auction 
February 11, 2023 No Responses

FG Reopens N360b Bonds For Auction 

The Debt Management Office (DMO), has on behalf of the Federal Government of Nigeria (FGN), listed four FGN bonds valued at N360 billion for auction.   Announcing the bond auction, the DMO listed the first offer as a February 2028...
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Ministry Of Transportation Inaugurates N300.67m Projects At Seme Border  
February 11, 2023 No Responses

Ministry Of Transportation Inaugurates N300.67m Projects At Seme Border  

The Federal Government on Friday inaugurated three projects executed by the Federal Ministry of Transportation worth N300.67 million at the Seme-Krake Joint Border Post, Lagos.      Inaugurating the projects, Prince Ademola Adegoroye, the Minist...
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FIDELITY BANK APPOINTS PAMELA SHODIPO EXECUTIVE DIRECTOR 
February 11, 2023 No Responses

FIDELITY BANK APPOINTS PAMELA SHODIPO EXECUTIVE DIRECTOR 

Fidelity Bank Plc has announced the appointment of Mrs. Pamela Shodipo as Executive Director, South Directorate following regulatory approval by the Central Bank of Nigeria.    Pamela joins the Board of Fidelity Bank Plc with over 25 years multi...
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FEC Approves N117b For Oil Museum  
February 9, 2023 No Responses

FEC Approves N117b For Oil Museum  

The Federal Executive Council (FEC) has approved N117 billion for the construction of Oloibiri oil museum in Bayelsa.  The Minister of State for Petroleum resources, Mr Timipre Sylva, made this known when he briefed State House correspondents on the outco...
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Maersk Explains $29.3b 2022 Profit, Assigns $11b For Integration, Decarbonization 
February 9, 2023 No Responses

Maersk Explains $29.3b 2022 Profit, Assigns $11b For Integration, Decarbonization 

Foremost Container shipping heavyweight, A.P. Moller – Maersk has reported exceptional financial results for the year 2022.  Despite the abnormal market conditions caused by the COVID-19 pandemic, the company reported solid performance across all its bu...
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Naira Re-design Won’t Affect 2023 General Election, Says CBN  
February 8, 2023 No Responses

Naira Re-design Won’t Affect 2023 General Election, Says CBN  

The Central Bank of Nigeria (CBN) says naira re-design won’t affect the 2023 general election, as it will provide required cash and other support needed for smooth conduct of the poll.  Godwin Emefiele, the CBN Governor, said this when he...
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World’s Largest Containership Squeezes Through Suez Canal 
February 7, 2023 No Responses

World’s Largest Containership Squeezes Through Suez Canal 

Evergreen’s giant 24,000 TEU containership, Ever Acme has transited the Suez Canal while on its maiden voyage from Malaysia to the Netherlands.  The ship is the newest addition to Evergreen’s A-type vessel series and can carry over 24,000 co...
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LIRS, FIRS Seal Tax Audit Pact 
February 7, 2023 No Responses

LIRS, FIRS Seal Tax Audit Pact 

The Lagos State Internal Revenue Service (LIRS) and Federal Inland Revenue Service (FIRS) on Monday, February 6, 2023, signed a Memorandum of Understanding on the exchange of information and implementation of joint tax audit and investigation exercise.   ...
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